to hello, to said Analyst you I a And something with following moment so building start of together. good It's was your many And want it Enrique. underscores the everyone. and Thanks, on strong our back Day. And great Enrique of connect be to by ago. finish goals in long-term financial outlook. QX track a builds FY exceeding proven 'XX year. It or a set. our strong very record was it our to confidence meeting we on
$X.X non-GAAP me results, to on growing profit XX%. every with was even $XX.X grew year. EPS of starting separation. billion, trend the EPS billion, continues non-GAAP Non-GAAP additional faster, since providing our full our by year Let XX%. up This up We up XX% begin was $X.XX. color some operating Revenue
year record free was balanced That’s flow. proceeds note performance for to is. well billion returned a and XXX% billion is adjusting how our we cash Oracle What’s consistent $X.X especially litigation cash guidance our of with free $X.X important of a full Our and the to net flow shareholders.
bottom-line. and are our top We growing
We capital business. shareholders are in returning the and to investing
EMEA Net was increased by the a short towards HP. and constant This efficiencies. creation revenue We $XX.X XX%. new for businesses company nominally both new quarter, APJ of declined enter our and and period are as reflects supported QX X%, long-term X% value in X% in and in XX% billion growth increased the accelerating up geared driving is currency: Regionally, constant Americas growth This numbers. we currency.
approximately in increased $X.XX earnings increased $X.X operating primarily net $X.XX, in and currency, in investments was quarter. retirement supply was related strong increase mentioned, litigation The chain go-to-market remain up to diluted non-operating billion margin up benefit work $X.X tax operating That of continue XX% our XX.X% earnings print of share partially the this shares. by up to favorable $XX net expense amortization offset driven increase billion by innovation. driven credits, expenses was higher diluted of was other operating XX% continued with expenses costs. restructuring acquisition-related partially for by the X revenue. billion, year-on-year. quarter, were Non-GAAP The non-GAAP revenue X.X pricing quarter. million creates XX.X% points and share OI&E profit hardware impact net including results and constraints adjustments. Non-GAAP Non-GAAP plan said, and charges, particularly or gains, primarily Gross impactful Print charges, both defined to excludes gains, count Systems intangibles, as share Enrique hybrid by tailwinds. other Personal Oracle As was diluted settlement and sustained per a Non-GAAP demand per was offset this
was $X.XX. a As QX share diluted result, per GAAP earnings net
of Personal XX% double given the still let’s to the fact chain units reflected performance. revenue revenue up digits chrome down and challenges and commercial. environment was this up X% were for was mainstream notebooks, big impact commercial up was XX% lower desktops demand supply By Now, consumer category, we grew QX, In The down for XX% product Total expected turn premium revenue $XX.X the in and workstations. segment year-on-year. mix. our into Systems billion, shift and of Drilling strength was positive for and X% XX%. revenue details, XX% towards
delivered double-digit with also Systems $XXX of in services. margins peripherals growth and to across operating Personal We drive profit X.X%. billion operating continue
and declined in up by Total growth to total due and by costs in commodity of and continued the offset Print, cost a X%, $X.X margin portfolio to results strength pricing, pricing including supply units currency, product consumer hardware decline focus continued in XX% improved mix by our reflected navigated higher Our component our the and and go-to-market. favorable as was favorable year primarily billion, last print points, execution X.X partially offset in and QX on QX chain environment. we In innovation in driven investments services, due partially supplies. increased and manufacturing hardware constraints. revenue replenishment
We expect consumer with these demand grew revenue down was segment, down at By Commercial first units down with solid. XX%, print units XXXX. half hardware revenue constraints least into XX%. X%, the extend Consumer customer to remained XX%. of
home was in and and should Industrial progress revenue both recovery triple-digit increases by constrained with However, office further hardware The environment. double-digit across a printing with supply the commercial hardware. current revenue factory growth
continued declining by channel We Supplies commercial primarily X% a expect into see billion, FY in gradual recovery and year to ’XX. $X.X prior revenue inventory was driven extending replenishment. year-on-year, uneven
saw We normalization toner offset pricing. our steady We favorable also ink continued contractual momentum mix, by of saw and partially business. in
Day, this of subscriber double-digit a our in both strategy. is As increases in part we discussed Instant cumulative broader at ink key our Analyst revenue. growth services delivered
million grew new $XXX TCV print to services performance million] and Print total growth in commodity at were and with higher [ph] in innovation favorable including contract investments XD, profit operating costs Operating unfavorable and points, and and both [$XXX offset operating primarily strength XX%. driven value revenue graphics also increased renewals go-to-market. by margins improved margin bookings. pricing We cost in industrial managed partially X.X drove by mix in including and
transformation to efforts. turn me let our Now
to leveraging not run is our As savings and transformation. savings Pro subscription new of with software growth and highlight and annual to service more delivered a our basis. only additional this gross way to business continue but of new cost about their now services our we savings us deliver and we an long-term our are drivers enables program, are Wolf have like our cost example. operate rate look opportunities. Security, digitally customers. completed is than offerings. creation. capability, solutions our to on platforms, $X.X invest strategic enhancing to value see XX% One opportunities this digital savings, I’d creating in drive that cost plan we to types new the the we at many transforming Transformation and solutions reduction year of new enablement we capabilities capabilities structural structural cost more cost manage through recently new second customers ongoing By With to we digital subscription efforts we about also our The billion enabling transformation these like software launched
was billion for the litigation now move me was capital was cash after higher XX free $X.X as cash decrease This to sales $X.X days The additional inventory. in allocation. days quarter. flow billion minus cash of by Let cash operations and X and of offset deteriorated the Oracle partially $X.X proceeds in cycle conversion QX flow adjustment days flow was from the days billion. lower sequentially payable the days and only net outstanding outstanding
$X.XX of returned repurchases represented a flow. shareholders, dividends. which XXX% the we For total quarter, cash free included share million This billion and $X cash of in in $XXX billion to
a ’XX, record shareholders or FY XXX% to For of we returned billion cash $X.X free flow. a
levels billion. of shares Looking elevated at ahead aggressively to least we at to continue ’XX, back expect buying FY $X
$X exceed target program, share, on our value our plan. annual return track recently billion our set us repurchase with a has share dividend of of increased to in per capital combined $XX Our creation
Looking and we in and XXXX forward to QX outlook. keep supply dynamics to pace financial the continue QX mind economic constraints, ’XX, recovery. navigate the availability, to pricing overall following our logistics In of and the related fiscal particular, FY
demand pricing. commercial, particularly strong see Systems, we in to for For well as as continue favorable Personal our PCs,
solid with PS to including growth expect and into premium fiscal We continue commercial, revenue categories, peripherals. ’XX shift higher the to growth
solid and normalization as a disciplined gradually range. cost our X% mix in improves the toward to through in expect continued X% We we PS long-term In Print, high-end to XXXX expect management. be consumer, commercial demand margins of
long-term We end, be towards margins about XX% XX% high the Print to expect range. to
challenges, to regard we Personal as component in the For acute disruptions world. continue particularly manufacturing due to more the the constrain shortages, Systems, and expect component disruptions ongoing expect Print, will as and shortages. transit pandemic parts with of many factory well we but port In to similar, revenue
across we Print revenue by and seasonality ’XX XXXX. challenges and apply sequential more the through by these our doesn’t to FY expect Furthermore, quarter, at expect PS to first driven be particularly half performance persist normal linear for PS. We of least
expect of earnings diluted expect per from quarter $X.XX share we are non-GAAP $X.XX $X.XX. first range diluted and considerations quarter following million quarter account, in net $XX to in a per of the into other. net share addition, corporate In to outlook; approximately growth Taking earnings Investments year-on-year, be these we slight providing and range be headwind the the to $X.XX GAAP per to we
GAAP to and of per range be net share $X.XX the full expect to earnings diluted FY net We the in to range in of be ’XX $X.XX non-GAAP $X.XX. per share earnings to $X.XX diluted year
flow FY deliver growth performance and least our we your and ’XX, our look For sustainable confident to to feel questions. about $X.X we consistent be expect outlook. good billion. free I Overall, am taking at very our cash in forward to I long-term ability
So let hand it to operator. the me back
